Recently Funded Hard Money Loan in San Diego: $464,750 1st TD, SFR, 7.25% Lender Rate, Cash-Out, 65.00% LTV

Borrower sought a business purpose cash-out 1st TD on this non-owner occupied property in San Diego, San Diego County, CA.  Funds from our loan will be used to pay off an existing and in good standing $248k 1st Mortgage and the balance of funds, approx. $134K, will used to make improvements on the subject property.…